Goldlong
Rejection line formed in GOLD - Bullish beyond breakoutGold prices can rally beyond breaking the rejection zone. It is still in the accumulation zone as per my previous post on the gold chart,
We have see two false breakouts happend in the last two weeks beyond and below our accumulation zone.
Bear zone is also indicated. If price falls to that zone, bears take control.
GOLD MCX ANALYSISGold MCX has strong Channel Line Support As marked on the above chart and we can see buying resuming in the GOLD MCX, With the Stoploss of 50400 one should Go Long for the Targets of 52000 and 54000 on the upside. Once GOLD MCX Closes above 52500 it May Again Resume its bullish momentum.
Accumuate GOLD at $1940 to $1960 rangeGold has fallen from it's recent high of $2050.
Correction between $1940-$2000 range expected in the next couple of days. Accumulate depending on the market news regarding US Jobs, COVID Vaccine, US Election news & Trump.
First Support at $1960 and second Strong support at $1940 .
Bullish XAUUSD, Weekly analysis, July 27-31Hi traders,
Hope you all trading well in the unstoppable bulls in XAUUSD,
As the trade quote say, 'Go with the trend' this week also looks like bullish trend continues, more than technical this pair operates strongly with fundamentals, A weaker USD moves the Gold higher and higher, Dollar index also expected with some support, hope it respects,
According to XAUUSD price action analysis, this week i present the analysis with Weekly chart,
Analysis also done with Monthly chart, A strong resistance line passing through in the price of 1936 right from 2011 . perhaps if it get breaks price action indicates 1972 would be the bulls will get tired.. let see.
However Gold is going to see its new high price this week..
If anybody request , i can share the Monthly analysis chart ..
Note - Price action analysis done is only for education purpose, not the final result of how price moves..
Thank you
All that glitters is pure Gold!Gold gives a fresh breakout
CMP 1762
Target 1810, 1860, 1890
Stoploss 1734 dclbs
Timeframe 30 trading sessions
Ultra cheap Gold buying opportunity as we can see the gold is totally overbought right now,
as the stock market crash gold will also crash with it in a short term into 1300 usd
and then the next bull run will start that will lead 3200 top
as per my research.
its a nice idea to have some gold in your portfolio in this pandemic
GOLD MCX MINI JUNE 2020 PREDICTIONGold MCX is Trading in Rising Wedge Technical Pattern as marked on the Chart above. Support zone For the Gold Seen at 46300- 46150 Which is the decisive levels. On the Upside Resistance is Capped at 48400, The Wedge Formation Resistance, We Suggest to Go Long on GOLD MINI for the Targets of 48400 and 49000 Place stoploss below the support Zone which comes out to be 46100-46000 (Place Stop Loss As per closing Basis) Means there should be daily closing below 46000 Levels
gold price analysisSince March 17, gold has been in a process of market manipulation, leaving us with good entry areas and key signals. As of May 18, 2020, Elliot's impulse wave formation begins with beautiful harmonic patterns and after finishing the cycle of (1-2-3-4-5) with good results, the wave process started corrective (Corrective point "A" exceeds "level" 4 "of the" impulse wave "), in theory, the movement of the corrective point" B "should reach the level of the elliot impulse wave" 3 "(support) and therefore the expected input will be between the fibonacci area 0.5 (marked from the beginning of the corrective wave to point "A") and the support point formed by elliot "3". * RSI should continue to show convergences With the price, the volume of contracts traded must be higher than the "3-4-5-A" point, * There MUST be price zone rejections directed against the uptrend (with two rejection candles within range of the zone ) if these criteria are met, we will say that having a safe contribution with profit taking will be a fibonacci level of
GOLD Triangle formationGOLD
Gold has crossed the major psychological level which is 1600.00
And currently trading at 1620.00 level
It has broke the triangle formation and reached the top side level of 1620.00
We can expect short term fall back towards 1606.00 level
From this level suitable long position may open at 1606.00
Take profit will be 1628.00
Stop lose may placed below 1597.00
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